Georgia goes 29th in the Economic Freedom Index rating

2011-01-13 18:55

Georgia goes 29th in the Index of Economic Freedom, having got into the "basically free" category with the rating of 70,4%, Novosti Georgia reports referring to a joined research of the Heritage Foundation organization and The Wall Street Journal newspaper. The research covers 179 countries. Georgia goes 15th among the 43 European countries.

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In 2009, Georgia was 32d, while in 2010 the country occupied the 26th position. The total assessment remains unchanged compared to the previous year.

According to the report, the leading economy is the economy of Hong-Kong. Singapore and Australia go the second and third, respectively. Cuba, Zimbabwe and North Korea are at the bottom of the rating list. Former Soviet republic Estonia goes 14th in the level of economic freedom. Armenia goes 36th, while Azerbaijan takes the 92d position. Russia goes 143d and Ukraine goes 164th.